DCC 151/1996
Type
Case
Court
Dubai Court of Cassation
Jurisdiction
Dubai
Taxonomy
Guarantees, Lending & Security, General Banking & Finance Law
Copyright
LexisNexis
Decision date
20 Oct 1996
Catchwords
Cheque – Endorsement – Loan – Stop on Cheque – Attachment Proceedings – Guarantee
This case involved an unpaid loan. To cover outstanding amounts a cheque was issued. It was an endorsed cheque and the question was whether it was possible for such a cheque to be stopped, even if there was an argument between the drawer and the first beneficiary.
Background